Sanctuary Advisors LLC Has $2.67 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

Sanctuary Advisors LLC grew its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 4.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,305 shares of the company’s stock after acquiring an additional 7,897 shares during the quarter. Sanctuary Advisors LLC’s holdings in Blue Owl Capital were worth $2,668,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Strategies Wealth Advisors LLC increased its stake in shares of Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock valued at $434,000 after buying an additional 745 shares during the period. Gilbert & Cook Inc. increased its stake in shares of Blue Owl Capital by 3.5% in the third quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock valued at $427,000 after buying an additional 1,000 shares during the period. CWM LLC increased its stake in shares of Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,032 shares during the period. Certuity LLC increased its stake in shares of Blue Owl Capital by 1.8% in the second quarter. Certuity LLC now owns 62,858 shares of the company’s stock valued at $965,000 after buying an additional 1,083 shares during the period. Finally, Insigneo Advisory Services LLC increased its stake in shares of Blue Owl Capital by 1.7% in the second quarter. Insigneo Advisory Services LLC now owns 67,588 shares of the company’s stock valued at $978,000 after buying an additional 1,104 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OBDC opened at $15.11 on Wednesday. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The business’s fifty day moving average is $15.07 and its 200 day moving average is $15.18. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market cap of $5.89 billion, a P/E ratio of 9.38 and a beta of 0.85.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.37 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on OBDC. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $15.86.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.